The Red Sox outrighted Guerrero to Triple-A Worcester on Thursday, Chris Cotillo of MassLive.com reports.

Guerrero had been designated for assignment last week, and he will remain in the organization after somewhat surprisingly clearing waivers. The hard-throwing reliever has posted a 2.63 ERA but a problematic 19:16 K:BB across 27.1 frames covering parts of two major-league seasons.

Astros general manager Dana Brown said Wednesday that Smith could begin next season at Triple-A Sugar Land "if he hasn't turned the corner," Chandler Rome of The Athletic reports.

Brown remains high on Smith's potential, saying he "could be a star one day," but added that "we're going to need him to be more consistent." Smith forced his way onto the Astros' Opening Day roster with a huge showing in spring training, but he went on to slash just .236/.312/.358 with nine home runs and a 27.8 percent strikeout rate across 134 contests. The rookie started only six of the Astros' final 20 games, including just two of their final 16 tilts versus right-handed pitching. Smith did play a surprisingly solid right field, a position he had never manned before. Slated to turn 23 in February, Smith should enter spring training with a chance to win a starting job, but some seasoning in the minors might not be the worst thing for him and the Astros. The 2024 first-round pick has logged just 32 games and 134 plate appearances at the minor-league level.

Yankees general manager Brian Cashman said Wednesday that he has yet to discuss a contract extension with Chisholm and his representation, Gary Phillips of the New York Daily News reports.

Cashman did note he is open to having "a legitimate conversation about value" with Chisholm, who is currently slated to reach free agency following the 2026 season. Chisholm, who turns 28 in February, has said previously that he wants to remain with the Yankees over the long haul. The second baseman put up the fourth 30-30 season in franchise history in 2025, slashing .242/.332/.481 across 130 regular-season contests.

McNeil's agent, Garrett Parcell, has revealed that his client underwent thoracic outlet surgery shortly after the conclusion of the regular season, Joel Sherman of the New York Post reports.

Parcell said that McNeil already has good range of motion and is expected to participate fully in spring training. Thoracic outlet surgery is a much more serious operation for pitchers, but Parcell did note that the issue caused McNeil discomfort with his swing late in the season. McNeil had a .514 OPS in September after posting an OPS no lower than .742 in any other month. The 33-year-old is tentatively projected to open the 2026 season as the Mets' second baseman, though he offers the versatility to play other positions, if needed.

The Rockies released Contreras on Wednesday.

It's the first official transaction by new president of baseball operations Paul DePodesta. Contreras was a late-season waiver claim of the Rockies, allowing eight runs over 8.1 innings before his season ended in late September due to a hand contusion.

General manager Chris Getz said Wednesday that Taylor will likely work as a multi-inning reliever in 2026, Kyle Williams of the Chicago Sun-Times reports.

Taylor posted a 4.91 ERA and 1.42 WHIP across 36.2 innings with the White Sox in 2025, although just five of his 36 big-league appearances lasted longer than one inning. It's possible Taylor's new role may be the next step in a plan to introduce him to the rotation down the line, but for now, the 23-year-old holds minimal fantasy value since he's out of the rotation and unlikely to receive late-inning work.

Lavender (elbow) cleared outright waivers Wednesday and was returned to the Mets.

The Rays acquired Lavender via the Rule 5 Draft last winter, so now that he's been outrighted off the Rays' 40-man roster, he'll return to the Mets' farm system. The 25-year-old lefty missed all of last season while recovering from Tommy John surgery with an internal brace, and he underwent another procedure in August to remove a bone spur in his left elbow. His availability for the start of spring training remains unclear.

Skenes won the 2025 National League Cy Young Award on Wednesday, Jeff Passan of ESPN.com reports.

Skenes received all 30 first-place votes after finishing the year with a 1.97 ERA and a 0.95 WHIP alongside a 216:42 K:BB across 187.2 innings. He joins Vern Law and Doug Drabek on the list of Pirates to take home the award after the latter two did so in 1960 and 1990, respectively.

Skubal was named the winner of the 2025 American League Cy Young Award on Wednesday, Jeff Passan of ESPN.com reports.

The 28-year-old lefty didn't receive all 30 first-place votes like he did in 2024, with four votes going to Garrett Crochet, but Skubal will still take home the award for a second consecutive season. He set career bests in ERA (2.21), WHIP (0.89), strikeouts (241) and innings (195.1) while making 31 starts for a second straight regular season.

General manager Dana Brown said Wednesday that Alvarez (ankle) has begun jogging at roughly 70 percent intensity, Chandler Rome of The Athletic reports.

Alvarez suffered a severe left ankle sprain during the final weeks of the regular season. Brown's comments indicate that the 28-year-old is coming along nicely in his recovery, and the GM added that he expects Alvarez to be ready to go by the start of spring training. The righty-hitting slugger also missed significant time in 2025 due to a fracture in his right hand and finished the season with just a .797 OPS across 199 plate appearances.